CAMPAIGN: Unpacking VAT on property sales
SEND DATE: 29 November 2018
It is very important to know when value-added tax (VAT) will be payable on property sales and how to properly make provision for it. Far too often this issue is overlooked or misapplied, and major disputes follow between the parties to the sale. Legal expert John Gilchrist explains why it is crucial to know and properly apply the information that follows to avoid compromising situations later that can have unfortunate implications for the estate agency that negotiated the contract.